TSAHC Newsletter | May 2017

May 2017 Newsletter

TSAHC Introduces New Tool for Home Buyers

We're excited to share a new tool for home buyers now available on our web site. The Down Payment Assistance Calculator allows home buyers to explore the down payment assistance grant amount and interest rate that works best for them.

Users enter in a few pieces of information: the loan type, the desired interest rate (based on the grant assistance amount) and the home purchase price. Based on that information, the following results will appear: loan amount (including any applicable fees), TSAHC grant amount and the estimated monthly mortgage payment (principal and interest only).

Our goal with the calculator is to make sure home buyers have the knowledge to make educated home buying decisions. We encourage you to share this tool with home buyers and anyone you think would benefit from it.

Thank You for Supporting TSAHC

TSAHC would like to thank and recognize the following for supporting our mission to provide safe, decent, affordable housing for all Texans.

The Wells Fargo Housing Foundation provided TSAHC a $7,500 grant to support training for housing counselors this July as part of the Texas Statewide Homebuyer Education Program (TSHEP). TSAHC administers TSHEP in partnership with the Texas Department of Housing and Community Affairs, the state agency legislatively responsible for the program.

The below donations are sponsorships for the Texas Financial Toolbox, an online resource that connects Texans with home buyer and financial education providers in their communities.

$500 Sponsorship Level

Tom Sawyer, TSAHC-Approved Lender

Modern Mortgage

$100 Sponsorship Level

Cerita Loftis, REALTOR®

RE/MAX Cross County

If You're a Fan of TSAHC's Mortgage Credit Certificate Program, We Need To Hear From You!

We're looking for brief testimonials about our Mortgage Credit Certificate (MCC) program. In a couple of sentences, tell us what you like about the MCC program and how it has helped a home buyer you have assisted or you personally.

Send testimonials to Michael Wilt ( mwilt@tsahc.org) by Friday, June 2nd. We plan to use them later this summer and if we select yours, we will send you a $25 Visa gift card.

Upcoming Events

June 8 at 1:00 p.m. - "Overcoming the Down Payment Hurdle" class in Flower Mound, Texas. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. More Information and Registration

June 10 from 9:00 a.m. - 4:00 p.m. - 19th Annual Home Buyer's Fair in McAllen, Texas at the McAllen Convention Center (700 Convention Center Blvd.) The Home Buyer’s Fair is a free bilingual educational event that connects potential home buyers with the resources they need to achieve their goal of becoming a home owner.

June 14 at 11:30 a.m. - "Overcoming the Down Payment Hurdle" class in Killeen, Texas. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. More Information and Registration

Below are May 2017 excerpts from On the House, a blog TSAHC launched in 2014 on affordable housing topics. We invite you to drop by On the House as we explore important issues, provide an inside look into our programs, and share other valuable resources.

Budgeting Tips to Help You Afford Your Monthly Rent

This is a guest post by Abodo.com, a Madison, Wisconsin-based start-up whose mission is to create a new, better kind of apartment listing service.

A recent study by ABODO apartments entitled “Heavy Housing Burden” dug into trends surrounding the availability of affordable housing, namely how many renters across the country are paying more than 30% of their income on rent (the HUD-determined threshold for being housing-cost burdened).

TSAHC Unveils New Tool For Home Buyers

You Just Got Your Property Tax Appraisal. Now What?

Now is the time of year that Texas homeowners receive their 2017 property tax appraisal from their county. The appraisal lists what you’ll owe in property taxes at the end of the year, based on the value of your home.

888-638-3555 | www.tsahc.org